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Nearly every advanced industrial nation on the planet is ensnared in the greatest debt trap of all time. The debt trap is not a far-off danger that we can worry about some other day. Today's guest Claus Vogt is the co-author of the German bestseller, Das Greenspan Dossier, where he predicted, well ahead of time, the U.S. housing bust, the U.S. recession, the demise of Fannie Mae and Freddie Mac, as well as the financial system crisis.